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Day: February 15, 2022

Investors’ conflict playbook: How to protect their portfolios if Russia invades Ukraine.

It’s difficult to envision a Russian military intrusion of Ukraine being viewed as something besides a significant international shock. But worldwide financial backers have up until this point shown little tendency to stop assets in conventional places of refuge regardless of long stretches of threatening troop developments, retaliation dangers and transport strategy. Investors’ conflict playbook: …

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What is the future of traditional banks, bitcoin, and payment processing companies?

Title: What is the future of traditional banks, bitcoin, and payment processing companies? Why Banks are Cautious of Cryptocurrencies According to a study conducted by the Association of Certified Anti-Money Laundering Specialists (ACAMS) and the U.K.’s Royal United Services Institute, nearly 63% of respondents who work in the banking industry perceive cryptocurrency as a risk …

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Burger King parent’s earnings top estimates, fueled by digital sales growth

KEY POINTS Restaurant Brands International on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations. The company said global digital sales climbed from $6 billion in 2020 to $10 billion in 2021, accounting for 30% of its system-wide sales. Popeyes reported same-store sales declines, while Burger King and Tim Hortons both reported strong same-store sales growth. …

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Counterfeit NFTs result in marketplace suspension: Experts weigh in

The NFT Platform famous for minting Jack Dorsey’s first tweet has halted NFT operations amid counterfeiting and illicit activity calls. “Rampant” issues relating to minting counterfeit nonfungible tokens, or NFTs, have forced popular platform Cent to halt some operations. Founded in 2017, Cent kicked off as a “social network and informal platform for creative experimentation.” …

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India Should Ban Cryptocurrencies, Says RBI Deputy

India should ban cryptocurrencies as they are related to Ponzi schemes or worse and they pose a threat to financial and macroeconomic stability, a deputy governor at the Reserve Bank of India (RBI) said. “We have also seen that cryptocurrencies are not amenable to definition as a currency, asset or commodity; they have no underlying cash flows, …

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Cere Network and Polygon Launch ‘NFT Content Monetization’ Platform Davinci

On February 14, Cere Network and Polygon launched a non-fungible token (NFT) marketplace and Web3 platform called Davinci, a project that aims to bolster the security behind NFT data. The platform is described as an “all-in-one Web3 media platform” that leverages Cere’s decentralized data cloud (DDC) platform and the proof-of-stake blockchain network Polygon. Cere Network …

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DRAKE WINS MORE THAN $1 MILLION IN BITCOIN ON SUPER BOWL BET

Superstar rapper Drake won two of his three Super Bowl LVI bets, taking home over $1 million in bitcoin winnings. Viral Canadian rapper Drake made waves last week when he placed over $1.26 million of BTC in bets for Super Bowl LVI, taking to Instagram to show the world his gamble on the Bitcoin casino and sports betting platform, Stake. …

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European stocks climb as Russia starts returning some troops to bases; Stoxx 600 up 1%

KEY POINTS Russian Defense Ministry spokesman Igor Konashenkov was quoted as saying military units from the southern and western districts of Russia had already begun returning to their garrisons Earnings remain a key driver of individual share price movement in Europe, with Glencore, Engie, Randstad and DSM among the companies reporting before the bell on …

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UK tax authority makes first NFT seizure in VAT fraud case

The tax authority made three arrests in connection with a suspected tax evasion using shell companies and false identification. Her Majesty’s Revenue and Customs (HMRC), the chief tax authority in the United Kingdom, has seized three nonfungible tokens (NFT) associated with a suspected tax evasion fraud. The tax watchdog claimed it was the first U.K. …

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